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Funding arb · Price arb /

HYPE

all HYPE markets
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Alert: funding
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Alert: spread
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Funding you earn now, next payment 02:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.015%
Price spread now: StandX against Nado+0.036%7-day average −0.004% · you sell dearer than you buy
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$14as in the Price arb table
costs, in and out, $10k−$180.180% of the position
Long on NadoShort on StandX
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)+0.016%+$2 on $10k
Price spread, last 7 days−0.065%−$6 · spread now +0.036%, 7d avg −0.004%
Together, before fees−0.049%+ Points / potential airdropNado: Active · StandX: Active · farm board−$5 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: StandX is 0.040% dearer against Nado than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of −0.004%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongNado HYPE-PERP93.9040.0100pay 0.0012% / 1h25m 59s$5.8M$45.1M10x
ShortStandX HYPE-USD93.9380.0100get 0.0013% / 1h25m 59s$670K$2.6M20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

StandX against Nado. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

click an exchange to add or hide it
latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
$0
Price spread: +0.036% → −0.004%
$4.01
Slippage, 4 orders
−$2.99
Fee Nado: 3.5 bp × 2 orders
−$7
Fee StandX: 4 bp × 2 orders
−$8
Net
−$13.98
Costs to cover
0.180%
Break-even
1436092033038936.5 days
Slippage from Nado: live order book, 3 min ago; StandX: live order book, 3 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Nado live order book, 3 min ago0.05 bp3.8 bp −$46.0 bp −$6025.3 bp −$2,530doesn't fit
Sell StandX live order book, 3 min ago1.17 bp5.3 bp −$55.6 bp −$5614.1 bp −$1,412doesn't fit

HYPE on 54 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Hibachi HYPE/USDT-P−0.0920%1h93.818−0.092%$197K$229K7xas long as short
Arcus HYPE-USD−0.0786%1h93.821−0.089%$1.2M$3.8M10xas long as short
Phemex HYPEUSDT−0.0142%8h93.889−0.017%$12.7M$2.7M50xas long as short
Aftermath Perps HYPEUSD−0.0134%1h93.748−0.167%$22K$21K10xas long as short
Ondo Perps HYPE-USD.P−0.0081%1h93.860−0.047%$703K$937K10xas long as short
Hotstuff HYPE-PERP−0.0080%1h93.872−0.035%$3K$33125xas long as short
Orderly PERP_HYPE_USDC−0.0057%4h93.919+0.015%$157K$646K20xas long as short
01 Exchange HYPEUSD−0.0048%1h93.946+0.044%$85K$350K20xas long as short
Backpack HYPE_USDC_PERP−0.0042%1h93.896−0.009%$7.8M$10.3M20xas long as short
Gate HYPE_USDT−0.0030%4h93.942+0.040%$44.5M$55.0M75xas long as short
Show all 54 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BingX HYPE-USDT−0.0002%4h93.920+0.017%—$53.7M—as long as short
Aster HYPEUSDT−0.0001%4h93.943+0.041%$8.9M$35.9M300xas long as short
dYdX HYPE-USD0.0000%1h93.869−0.038%$129K$31K5xas long as short
Perpl HYPE0.0000%43m93.962+0.061%$22K$326K10xas long as short
Bybit HYPEUSDT+0.0002%8h93.873−0.034%$322.4M$281.2M75xas long as short
gTrade (Gains Network) HYPE/USDL +0.0002% / S −0.0003%1h93.969+0.068%$26K—150xas long as short
Phoenix HYPE+0.0060%1h93.904−0.001%$211K$1.2M10xas long as short
MEXC HYPE_USDT+0.0066%4h93.933+0.030%$87.9M$82.9M100xas long as short
Binance HYPEUSDT+0.0068%4h93.922+0.019%$382.3M$893.8M75xas long as short
OKX HYPE-USDT-SWAP+0.0068%8h93.863−0.044%$115.4M$309.1M50xas long as short
edgeX HYPEUSDC+0.0071%4h93.800−0.111%$5.1M$29.9M30xas long as short
Bullet HYPE-USD+0.0072%1h93.934+0.031%$112K$578K20xas long as short
Paradex HYPE-USD-PERP+0.0095%8h93.955+0.054%$341K$164K20xas long as short
Lighter HYPE+0.0096%1h93.962+0.061%$16.4M$62.5M20xas long as short
Lighter RH HYPE+0.0096%1h93.956+0.055%$3.1M$11.9M20xas long as short
Popdex HYPEUSDT+0.0096%1h93.928+0.025%$67K$1.2M50xas long as short
Aevo HYPE-PERP+0.0096%1h93.961+0.060%$400K$177K20xas long as short
Derive HYPE-PERP+0.0100%1h93.923+0.019%$16.3M$7.7M10xas long as short
Katana Perps HYPE-USD+0.0100%8h93.930+0.027%$21K$1.6M10xas long as short
Nado HYPE-PERPlong+0.0100%1h93.904long leg$5.8M$45.1M10x
Hyperliquid HYPE+0.0100%1h94.018+0.121%$2.05B$672.6M10xas long as short
Pacifica HYPE+0.0100%1h93.919+0.015%$10.1M$14.7M20xas long as short
KuCoin HYPEUSDTM+0.0100%4h93.960+0.059%$46.5M$18.1M75xas long as short
Bitget HYPEUSDT+0.0100%4h93.868−0.039%$227.5M$98.6M75xas long as short
Variational Omni HYPE+0.0100%8h93.910+0.005%$31.1M$54.7M—as long as short
GRVT HYPE_USDT_Perp+0.0100%4h93.824−0.086%$7.6M$47.7M10xas long as short
ApeX Omni HYPEUSDT+0.0100%1h93.834−0.075%$339K$1.0M50xas long as short
StandX HYPE-USDshort+0.0100%1h93.938+0.036%$670K$2.6M20x
Vest HYPE-PERP+0.0100%1h93.981+0.082%—$243K5xas long as short
Polymarket Perps HYPE-USD+0.0100%1h93.974+0.074%$475K$2.4M20xas long as short
Bluefin HYPE-PERP+0.0100%1h93.920+0.017%$80K$172K20xas long as short
SunX HYPE-USDT+0.0100%4h94.020+0.123%$32K$1.6M20xas long as short
SoDEX HYPE-USD+0.0100%1h93.936+0.034%$2.0M$1.9M10xas long as short
Bulk HYPE-USD+0.0100%1h93.880−0.026%$204K$10K10xas long as short
Extended HYPE-USD+0.0104%1h93.827−0.082%$18.3M$44.3M50xas long as short
Coinbase International HYPE-PERP-INTX+0.0136%1h93.920+0.017%$4.9M$5.5M50xas long as short
Injective HYPE/USDC PERP+0.0137%1h93.920+0.017%$31K$339K12xas long as short
RISEx HYPE/USDC+0.0210%1h93.994+0.095%$3.2M$7.0M20xas long as short
HTX HYPE-USDT+0.0218%4h94.100+0.208%$1.4M$5.9M75xas long as short
Reya HYPERUSDPERP+0.0255%1h93.947+0.045%$80K$140K15xas long as short
Kalshi KXHYPEPERP+0.0273%8h94.001+0.103%$1.9M$4.9M2.3xas long as short
GMX HYPE/USD [WBTC.b-USDC]L +0.0332% / S −0.0156%1h93.969+0.069%$1.4M—100xas long as short
Deribit HYPE_USDC-PERPETUAL+0.0442%1h94.042+0.146%$7.5M$4.5M50xas long as short
Kraken Futures PF_HYPEUSD+0.0678%1h94.030+0.133%$21.0M$29.8M50xas long as short